Mumbai: As evidence of India’s continued economic growth, Mumbai and Delhi have entered the top 50 wealthiest cities worldwide. Compiled by Henley & Partners in collaboration with New World Wealth, the report identifies the wealthiest cities based on the presence of high-net-worth individuals (HNWIs), millionaires, and billionaires. New York City retains its top position with 349,500 millionaires, whose net worth is over $3 trillion. Mumbai has 58,800 millionaires, 236 centi-millionaires, and 29 billionaires, ranking it as the 24th wealthiest city. Delhi, on the other hand, has 30,700 millionaires, 123 centi-millionaires, and 16 billionaires, ranking it 37th on the list.
According to the latest wealth report, New York is the richest, while Mumbai is at number 24 and Delhi is at number 37. The top 10 wealthiest cities include New York City, the Bay Area, Tokyo City, Singapore, London, Los Angeles, Paris, Sydney, Hong Kong, and Beijing, reflecting the global distribution of wealth concentration.
The report highlights the rise of Asia Pacific cities, with five of the top 10 wealthiest cities hailing from the region. Tokyo ranks third, followed by Singapore, Sydney, Hong Kong and Beijing. Dubai is the wealthiest city in West Asia, ranking 21st globally. 7 of the 10 fastest-growing millionaire cities are located in the Asia-Pacific region. Shenzhen in China leads the way with a staggering 140% increase in its millionaire population over the last decade, followed by Hangzhou, Guangzhou, Delhi, Beijing, Shanghai and Mumbai. The top 10 wealthiest cities include New York City, the Bay Area, Tokyo City, Singapore, London, Los Angeles, Paris, Sydney, Hong Kong, and Beijing, reflecting the global distribution of wealth concentration.
